Waiting they happen to pension money for Nigeria?

[Ojinga]

First what's pension in Nigeria? The pension scheme in Nigeria Is a crucial social safety net that provides financial security and stability to millions of workers during their retirement years. But right now the government are not really doing as if the money belongs to the workers anymore, currently now the retirement plan in Nigeria it's what the leaders are using to support their selfs.

Some of the workers have waited for long no way. How long is pension paid after retirement in Nigeria? It provides a guaranteed periodic income (pension) to a retiree throughout his/her life after retirement. Under the CPS, annuity is guaranteed for ten years. If the retiree dies within ten years of retirement. The monthly annuilty/pension will be paid to his beneficiarries for the remaining years up to ten years.

But right now they aren't following the laws anymore because I've some people who have waited and right now they aren't alive anymore. Why? Because they've waited for the government to release their pension money, but no way cause they have no one to help them out there. Secondly how many years do you have to work to get pension in Nigeria? The 50 year/retirement rule is the general rules.

However there are exceptions provided if the person leaves employment before age 50 for medical reasons or in accordance with the terms and conditions if he/she employment which allow for partial lump sum removal in certain circumstances. In this terms it's better but but Nigeria are not working according to the laws anymore, besides nowadays the government itself are borrowing the pension money for them to settle some bills in Nigeria. Is it good that why?

Mean why the retirees are dieing in pains and hunger, our leaders are not trying. How's the pension calculated on in Nigeria? According to Nigeria pension commission, employee is expected to contribute 8% of the sum of his basic salary, housing allowance, and transport allowance. The employee however is required to contribute minimum of 10% of the same sum.

Even with 8% and the 10% of the retirees summation they won't still pardon them or help their life even if is their money, because most of them at this point all their hopes a and their life is on their retirement plan(pension). How much is the pension in Nigeria? The minimum contribution under the act is 18% of monthly emolument, (with a minimum contribution of 10% by the employer and 8% by the employee).

So waiting I dey try talk be say with all this and most of the people still dey cry out for help, i know of someone who's suffering and dieing just to get their pension money paid before they die. But the government are not even thinking of working towards that at the moment, but all this going on how do they want the citizens to cope. Somebody asked what's the major problem with pension in Nigeria?

For my opinion Nigeria have experience inconsistency in policies due to it's many challenges inception delay in payment of pension and gratituties to deserving retirees in Nigeria fueled by lack of accountability, poor leadership, embezzlement of pension fund. Inaccurate pensioners records. It's the initiative to explore the savings of Nigeria workers and senior citizens, who live off them in retirement, basically to actualise the governments funding plan could put the livelihood and survival of many.

And the government are even trying to make things difficult for the citizens, the government is also looking to draw from life insurance and other funds from the investment industry to the tune of #20 trillion. Is this pension money made for the government or for the workers in Nigeria because right now I don't really understand anymore, my people waiting una go talk about this issue?

[Ever-young]

Na e be why we be Nigeria, nothing dey actually dey last long, if no be like this, e go be like that, and na so so excuse wey full am. Well nothing really concern me with government work, so I no dey really care about pension money but pension wey dey always dey for old people wey do retired from work, so them dey pay them money while at home, In other words, we fit call am "stay at home" they go dey receive salary while at home, for me I go say na the money wey dey don work for and this pension dey really help some people for Nigeria but some of them no dey use their money well while some dey carry their own dey use am do something useful for them.

[Ojinga]

Na e be why we be Nigeria, nothing dey actually dey last long, if no be like this, e go be like that, and na so so excuse wey full am. Well nothing really concern me with government work, so I no dey really care about pension money but pension wey dey always dey for old people wey do retired from work, so them dey pay them money while at home, In other words, we fit call am "stay at home" they go dey receive salary while at home, for me I go say na the money wey dey don work for and this pension dey really help some people for Nigeria but some of them no dey use their money well while some dey carry their own dey use am do something useful for them.

anything way them won carry am do e no concern anybody but make them first see the money eyes, no be say na their sha. Na their money way dey work for, for years so the government no dey try because most of them done wait tire. Them never see money eyes, just as you talk say you no be government worker but if you dey in the shoes of the people way dey work for government. And in the process say you done retire and you dey hope for your pension money to start up something for yourself, and the government never still release am for you. How you go feel? Or what if your relatives or your mother na government worker and she dey wait for the pension money, now the stay at home no be stay at home anymore because most of the retirees dey die for their own sweat. Why?

[Sakanwa]

First what's pension in Nigeria? The pension scheme in Nigeria Is a crucial social safety net that provides financial security and stability to millions of workers during their retirement years. But right now the government are not really doing as if the money belongs to the workers anymore, currently now the retirement plan in Nigeria it's what the leaders are using to support their selfs.

Some of the workers have waited for long no way. How long is pension paid after retirement in Nigeria? It provides a guaranteed periodic income (pension) to a retiree throughout his/her life after retirement. Under the CPS, annuity is guaranteed for ten years. If the retiree dies within ten years of retirement. The monthly annuilty/pension will be paid to his beneficiarries for the remaining years up to ten years.

But right now they aren't following the laws anymore because I've some people who have waited and right now they aren't alive anymore. Why? Because they've waited for the government to release their pension money, but no way cause they have no one to help them out there. Secondly how many years do you have to work to get pension in Nigeria? The 50 year/retirement rule is the general rules.

However there are exceptions provided if the person leaves employment before age 50 for medical reasons or in accordance with the terms and conditions if he/she employment which allow for partial lump sum removal in certain circumstances. In this terms it's better but but Nigeria are not working according to the laws anymore, besides nowadays the government itself are borrowing the pension money for them to settle some bills in Nigeria. Is it good that why?

Mean why the retirees are dieing in pains and hunger, our leaders are not trying. How's the pension calculated on in Nigeria? According to Nigeria pension commission, employee is expected to contribute 8% of the sum of his basic salary, housing allowance, and transport allowance. The employee however is required to contribute minimum of 10% of the same sum.

Even with 8% and the 10% of the retirees summation they won't still pardon them or help their life even if is their money, because most of them at this point all their hopes a and their life is on their retirement plan(pension). How much is the pension in Nigeria? The minimum contribution under the act is 18% of monthly emolument, (with a minimum contribution of 10% by the employer and 8% by the employee).

So waiting I dey try talk be say with all this and most of the people still dey cry out for help, i know of someone who's suffering and dieing just to get their pension money paid before they die. But the government are not even thinking of working towards that at the moment, but all this going on how do they want the citizens to cope. Somebody asked what's the major problem with pension in Nigeria?

For my opinion Nigeria have experience inconsistency in policies due to it's many challenges inception delay in payment of pension and gratituties to deserving retirees in Nigeria fueled by lack of accountability, poor leadership, embezzlement of pension fund. Inaccurate pensioners records. It's the initiative to explore the savings of Nigeria workers and senior citizens, who live off them in retirement, basically to actualise the governments funding plan could put the livelihood and survival of many.

And the government are even trying to make things difficult for the citizens, the government is also looking to draw from life insurance and other funds from the investment industry to the tune of #20 trillion. Is this pension money made for the government or for the workers in Nigeria because right now I don't really understand anymore, my people waiting una go talk about this issue?

this matter na small matter for them but them go do as if say na one big thing, you see one thing about the government them won chop everything way come out from the state. Can you imagine how long how some people done dey wait for their retirement plans some done wait no way them give up, I remember one woman for my community way she retired because she get plenty children she no get enough savings when she dey for work. But after her retirement she come dey hope for her retirement plan so that she fit start up small business for herself, meanwhile she no even know say her plan and the government plan no be the same thing. She tried her luck put effort no way but can you imagine your own money way you suffer for person go won share with you, them tell her if only she go agree to take half and leave the other half to them. Is it good? No, instead just as you said them they use the money to support their selves and that's bad to the workers. I don't really know if the government really exists anymore.

[Jerrycrypto2024]

Op this your matter come make me feel like you ni from naija again, now today you no say shit feaces dey pass through anus, make I shock you the one wey comot tears for my eyes government dey borrow pensioners saving for infrastructural project this one now recent development wey never reached one month now I am sorry I won't provide Link of this news, to dey hope for pension money is like coming of Jesus Christ, even our leaders they pray make those that will receive pension die to enable them bugga with their pension some state government 25 year they will not pay pension even salary they will not pay the country now do as you like for the Rich and our leaders only the poor the bear the end product of all their mess.

Drinking paradox on our leaders wey fit make person BP rise beyond control the best now to start any thing wey go help you change you own future before everything turn against for no taking action, that is while today been a civil servants is even more risky than gambling because our government are gambling with the worker and the citizens in all ramifications the worst is the lies in the system of government that has even make the citizens not to believe on them anymore.

[Ojinga]

Op this your matter come make me feel like you ni from naija again, now today you no say shit feaces dey pass through anus, make I shock you the one wey comot tears for my eyes government dey borrow pensioners saving for infrastructural project this one now recent development wey never reached one month now I am sorry I won't provide Link of this news, to dey hope for pension money is like coming of Jesus Christ, even our leaders they pray make those that will receive pension die to enable them bugga with their pension some state government 25 year they will not pay pension even salary they will not pay the country now do as you like for the Rich and our leaders only the poor the bear the end product of all their mess.

Drinking paradox on our leaders wey fit make person BP rise beyond control the best now to start any thing wey go help you change you own future before everything turn against for no taking action, that is while today been a civil servants is even more risky than gambling because our government are gambling with the worker and the citizens in all ramifications the worst is the lies in the system of government that has even make the citizens not to believe on them anymore.

I know say na naija we dey but as the government dey carry their citizens play e good, okay just listen to waiting you talk them dey even dey use the pension money dey use dey complete their projects. You see one thing be say no matter how we try to make the country good e no go good why because, the leaders no want change them like as things dey go as people dey cry e dey give them joy. So about this pension money of a thing done even tire some people mostly me myself i give up about it, and I like waiting you talk say them they use us dey gamble and one day them go lose.

[iBaba]

I know say na naija we dey but as the government dey carry their citizens play e good, okay just listen to waiting you talk them dey even dey use the pension money dey use dey complete their projects. You see one thing be say no matter how we try to make the country good e no go good why because, the leaders no want change them like as things dey go as people dey cry e dey give them joy. So about this pension money of a thing done even tire some people mostly me myself i give up about it, and I like waiting you talk say them they use us dey gamble and one day them go lose.

Only few of the top government organizations who are at the height of revenue generating like NNPCL, DPR, FIRS and the host of them are truly enjoying the salary, wages, allowances and pension of their workers. These same institutions do not delay in paying their staff their pensions as at when due. I have an uncle worked with the NNPCL and retired as a top official. Interestingly, he got his pension immediately he finished processing his pensioners' ID card, same day, gbam, money don enter. Them they pay pensioners before them even pay the final salary once them finish their process. But when E come to other organizations, which I regard as middle and low statued organizations, them go they delay the process. If you reach state level and LG level, it is even worse than that. The disparity between these organizations, is what baffles me whenever the matter strikes my mind.

[Ojinga]

I know say na naija we dey but as the government dey carry their citizens play e good, okay just listen to waiting you talk them dey even dey use the pension money dey use dey complete their projects. You see one thing be say no matter how we try to make the country good e no go good why because, the leaders no want change them like as things dey go as people dey cry e dey give them joy. So about this pension money of a thing done even tire some people mostly me myself i give up about it, and I like waiting you talk say them they use us dey gamble and one day them go lose.

Only few of the top government organizations who are at the height of revenue generating like NNPCL, DPR, FIRS and the host of them are truly enjoying the salary, wages, allowances and pension of their workers. These same institutions do not delay in paying their staff their pensions as at when due. I have an uncle worked with the NNPCL and retired as a top official. Interestingly, he got his pension immediately he finished processing his pensioners' ID card, same day, gbam, money don enter. Them they pay pensioners before them even pay the final salary once them finish their process. But when E come to other organizations, which I regard as middle and low statued organizations, them go they delay the process. If you reach state level and LG level, it is even worse than that. The disparity between these organizations, is what baffles me whenever the matter strikes my mind.

NNPCL, DPR, FIRS,  this people na the ones way dey keep the country moving, so them deserve to get paid immediately if them no pay the FIRS their pension money quickly once they retire. How you think say e go sweet them to work for state, NNPCL them na state so you can never owe them in anyway but make them also take the civil servants important too. They're trying their best in the states because if you watch very well na the civil servants dey suffer this problem mostly, no be say other organizations no dey face am ohh but the complain dey come mostly from them. And if go to an investigation to know waiting those people pass through before they get paid immediately you go think say e easy, most of them get people for their some of them na senior workers them get pass. So let the government see all the state workers as one not condemning any.

[Sexylizzy2813]

I know say na naija we dey but as the government dey carry their citizens play e good, okay just listen to waiting you talk them dey even dey use the pension money dey use dey complete their projects. You see one thing be say no matter how we try to make the country good e no go good why because, the leaders no want change them like as things dey go as people dey cry e dey give them joy. So about this pension money of a thing done even tire some people mostly me myself i give up about it, and I like waiting you talk say them they use us dey gamble and one day them go lose.

My broda no be say them like as poor piple dey cry, them dey get joy as moni dey always enter their pocket without any problem. Any time them see say where them wan hand to collect moni say wahala wey no go favor them dey, you go see say them go do wetin go carry piple mind go another side make e be say them collect the moni without worries.
The pension wey them dey make piple sufa so, them no only want make piple tire but them want make piple forget about am so that them go chop the moni, I no see any reason why person go retire in good health but the condition wey them keep person moni to collect am go make piple die before their time all in the name of fighting for their moni. My own be say some of these piple nai still open eyes take vote for these set of wayo govament wey dey sufa us so.

[Ojinga]

I know say na naija we dey but as the government dey carry their citizens play e good, okay just listen to waiting you talk them dey even dey use the pension money dey use dey complete their projects. You see one thing be say no matter how we try to make the country good e no go good why because, the leaders no want change them like as things dey go as people dey cry e dey give them joy. So about this pension money of a thing done even tire some people mostly me myself i give up about it, and I like waiting you talk say them they use us dey gamble and one day them go lose.

My broda no be say them like as poor piple dey cry, them dey get joy as moni dey always enter their pocket without any problem. Any time them see say where them wan hand to collect moni say wahala wey no go favor them dey, you go see say them go do wetin go carry piple mind go another side make e be say them collect the moni without worries.
The pension wey them dey make piple sufa so, them no only want make piple tire but them want make piple forget about am so that them go chop the moni, I no see any reason why person go retire in good health but the condition wey them keep person moni to collect am go make piple die before their time all in the name of fighting for their moni. My own be say some of these piple nai still open eyes take vote for these set of wayo govament wey dey sufa us so.

if you talk about the voting side be say na we dey put ourselves for the problems, because person way you know finish say him lifestyle no good but because of the money you pass back go vote am. Waiting you expect from that kind person to rule for the country, you done see where person way be thief they tire to thief no. And in the process way be say him dey on top of where the money dey come from, him go like to won collect all because the life of thief dey him blood. This pension money just dey like something way be say them dey pray make people retire so that them fit dey collect am, our leaders needs to reason well and know that we're all human beings. If them dey see the money I believe them also know say no be everybody dey see am as them dey see am so.

[iBaba]

NNPCL, DPR, FIRS,  this people na the ones way dey keep the country moving, so them deserve to get paid immediately if them no pay the FIRS their pension money quickly once they retire. How you think say e go sweet them to work for state, NNPCL them na state so you can never owe them in anyway but make them also take the civil servants important too. They're trying their best in the states because if you watch very well na the civil servants dey suffer this problem mostly, no be say other organizations no dey face am ohh but the complain dey come mostly from them. And if go to an investigation to know waiting those people pass through before they get paid immediately you go think say e easy, most of them get people for their some of them na senior workers them get pass. So let the government see all the state workers as one not condemning any.

I understand your point and I know say that one follow join too but if we talk say we Wan follow that one, we suppose also put some agencies into consideration too for fairness and justice sake. I know say those organizations wey I mention now, na them be the major revenue generating organizations for the state but shey no be only them gather they. We get organizations like Standard Organisation of Nigeria wey no they recieve that kind good treatment and yet them they billions of naira come Nigeria pocket. But when I investigated them, I realized what they earn is nothing to compare with the likes of NNPCL and DPR and FIRS. Why all these disparities created by the federal governments and we talk say make some civil servants no vex or even Para?

[Ojinga]

NNPCL, DPR, FIRS,  this people na the ones way dey keep the country moving, so them deserve to get paid immediately if them no pay the FIRS their pension money quickly once they retire. How you think say e go sweet them to work for state, NNPCL them na state so you can never owe them in anyway but make them also take the civil servants important too. They're trying their best in the states because if you watch very well na the civil servants dey suffer this problem mostly, no be say other organizations no dey face am ohh but the complain dey come mostly from them. And if go to an investigation to know waiting those people pass through before they get paid immediately you go think say e easy, most of them get people for their some of them na senior workers them get pass. So let the government see all the state workers as one not condemning any.

I understand your point and I know say that one follow join too but if we talk say we Wan follow that one, we suppose also put some agencies into consideration too for fairness and justice sake. I know say those organizations wey I mention now, na them be the major revenue generating organizations for the state but shey no be only them gather they. We get organizations like Standard Organisation of Nigeria wey no they recieve that kind good treatment and yet them they billions of naira come Nigeria pocket. But when I investigated them, I realized what they earn is nothing to compare with the likes of NNPCL and DPR and FIRS. Why all these disparities created by the federal governments and we talk say make some civil servants no vex or even Para?

why the civil servants no go vex or para abi them no join for any organization for this Nigeria, cause I no see anything way person go work for years and him/she come retire then some group of people called the government. Go hold their money but why person no go para meanwhile one person salary fit cover all there payments without no affecting the state money, so e reach to para and make the leaders see how this set of people dey cry badly. E no get how you go tell me say all those people way them they use this retirement money dey use dey support for the state, you won tell me say one of their relatives or friends no dey among the people way dey complain bitterly or them go done settle their people before behaving that way. So they should see all state workers as equals right.

[Pressurizedem]

NNPCL, DPR, FIRS,  this people na the ones way dey keep the country moving, so them deserve to get paid immediately if them no pay the FIRS their pension money quickly once they retire. How you think say e go sweet them to work for state, NNPCL them na state so you can never owe them in anyway but make them also take the civil servants important too. They're trying their best in the states because if you watch very well na the civil servants dey suffer this problem mostly, no be say other organizations no dey face am ohh but the complain dey come mostly from them. And if go to an investigation to know waiting those people pass through before they get paid immediately you go think say e easy, most of them get people for their some of them na senior workers them get pass. So let the government see all the state workers as one not condemning any.

I understand your point and I know say that one follow join too but if we talk say we Wan follow that one, we suppose also put some agencies into consideration too for fairness and justice sake. I know say those organizations wey I mention now, na them be the major revenue generating organizations for the state but shey no be only them gather they. We get organizations like Standard Organisation of Nigeria wey no they recieve that kind good treatment and yet them they billions of naira come Nigeria pocket. But when I investigated them, I realized what they earn is nothing to compare with the likes of NNPCL and DPR and FIRS. Why all these disparities created by the federal governments and we talk say make some civil servants no vex or even Para?

why the civil servants no go vex or para abi them no join for any organization for this Nigeria, cause I no see anything way person go work for years and him/she come retire then some group of people called the government. Go hold their money but why person no go para meanwhile one person salary fit cover all there payments without no affecting the state money, so e reach to para and make the leaders see how this set of people dey cry badly. E no get how you go tell me say all those people way them they use this retirement money dey use dey support for the state, you won tell me say one of their relatives or friends no dey among the people way dey complain bitterly or them go done settle their people before behaving that way. So they should see all state workers as equals right.

My brother,na true say Civil servants dey para,but their para no still reach anywhere because when wetin goverment wan do nai e dey do, government already know say e no good to dey owe civil servant,but them dey still owe then,and you go come dey reason weather them no get the money to pay or dem just purrposely wan owe dem and nothing more.Nigerian government mata don really tire me because e no get one thing wey dem dey do like this wey dey enter my eye,anything dem dey do dey like rubbish for my eyes.

[Ojinga]

NNPCL, DPR, FIRS,  this people na the ones way dey keep the country moving, so them deserve to get paid immediately if them no pay the FIRS their pension money quickly once they retire. How you think say e go sweet them to work for state, NNPCL them na state so you can never owe them in anyway but make them also take the civil servants important too. They're trying their best in the states because if you watch very well na the civil servants dey suffer this problem mostly, no be say other organizations no dey face am ohh but the complain dey come mostly from them. And if go to an investigation to know waiting those people pass through before they get paid immediately you go think say e easy, most of them get people for their some of them na senior workers them get pass. So let the government see all the state workers as one not condemning any.

I understand your point and I know say that one follow join too but if we talk say we Wan follow that one, we suppose also put some agencies into consideration too for fairness and justice sake. I know say those organizations wey I mention now, na them be the major revenue generating organizations for the state but shey no be only them gather they. We get organizations like Standard Organisation of Nigeria wey no they recieve that kind good treatment and yet them they billions of naira come Nigeria pocket. But when I investigated them, I realized what they earn is nothing to compare with the likes of NNPCL and DPR and FIRS. Why all these disparities created by the federal governments and we talk say make some civil servants no vex or even Para?

why the civil servants no go vex or para abi them no join for any organization for this Nigeria, cause I no see anything way person go work for years and him/she come retire then some group of people called the government. Go hold their money but why person no go para meanwhile one person salary fit cover all there payments without no affecting the state money, so e reach to para and make the leaders see how this set of people dey cry badly. E no get how you go tell me say all those people way them they use this retirement money dey use dey support for the state, you won tell me say one of their relatives or friends no dey among the people way dey complain bitterly or them go done settle their people before behaving that way. So they should see all state workers as equals right.

My brother,na true say Civil servants dey para,but their para no still reach anywhere because when wetin goverment wan do nai e dey do, government already know say e no good to dey owe civil servant,but them dey still owe then,and you go come dey reason weather them no get the money to pay or dem just purrposely wan owe dem and nothing more.Nigerian government mata don really tire me because e no get one thing wey dem dey do like this wey dey enter my eye,anything dem dey do dey like rubbish for my eyes.

my brother e tire everybody but we no go fit leave our own country go run because of some people way finish the good things way dey inside, so if na about this pension issue so many people don try their best to put an end to it but still no way. Like waiting you talk say even if the civil servants dem para the government dem go still do waiting dey their mind, e just dey like something way be say make una complain tire we go still do waiting we won so and if you check very well the money na small for them to pay. Some of the leaders money way them dey pay them fit even cover all the pension money way them supposed pay but their mind too strong, anyhow them won do am we go still survive.